New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    ‘P’ and ‘Q’ invested Rs. 900 and Rs. 750

    respectively in a business. After 6 months, ‘P’ increased his investment by Rs. 150 while ‘Q’ decreased his investment by Rs. 100. If at the end of 12 months, the total profit is Rs. 62400, then what will be the difference between their shares of profit?
    A Rs.10,240 Correct Answer Incorrect Answer
    B Rs.15,240 Correct Answer Incorrect Answer
    C Rs.21,240 Correct Answer Incorrect Answer
    D Rs.29,240 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Ratio of profit share of ‘P’ to ‘Q’ = [900 × 6 + (900 + 150) × 6] : [750 × 6 + (750 – 100) × 6]

    = (5400 + 6300) : (4500 + 3900)

    = 11700 : 8400

    = 39 : 28

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